Consumers looking for a new all-electric SUV have more purchasing options.
Tesla, the leading manufacturer in the electric vehicle industry (TSLA) – Get a free reporthas complete control over the production and sales of electric vehicles in the US, including electric SUVs.
Tesla, the leading producer of electric vehicles in the US with 1.37 million electric vehicles produced by 2022, has set a goal of producing 20 million electric vehicles a year by 2030. Tesla continues to expand as it plans to build a $3.6 billion battery and a Tesla Semi truck. manufacturing facility in northern Nevada.
Tesla’s SUV sales have been strong, with its Model Y SUV selling about 120,737 units and the Model X selling more than 31,371 in 2022. CarFigures saying. Tesla’s smallest SUV, the Model Y Long Range, retails for $54,990 and its Model Y Performance is priced at $58,990. The Model X retails for $99,990, while the Model X Plaid starts at $109,990.
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Tesla Competitors Launch Electric SUVs
To compete against Tesla, the electric vehicle maker’s competitors are rolling out new SUV models. general motors (GM) – Get a free reportplans to introduce a few SUVs this year, as the Chevrolet Equinox EV goes on sale in fall 2023, starting at around $30,000, according to thechevrolet website. Production of the GMC Hummer EV SUV is supposed to begin in early 2023, but reservations for the vehicle are currently full, according to the GMC Hummer EV website.
Ford (F) – Get a free reportThe selection of electric SUVs includes the Mustang Mach-E, which retails for $45,990 and is available now. The Mach-E California 1, starting at $57,995, and the Mach-E GT, starting at $63,995, are taking new orders with an estimated delivery time of six to eight weeks, the ford website says.
To keep the pressure on Tesla and all the EV competition, Hyundai (HYMTF) On March 6, it unveiled its new second-generation all-electric Kona subcompact crossover SUV, with standard and long-range powertrains. The South Korean automaker did not disclose a suggested retail price for the Kona EV SUV, but it could be less than $40,000, as its first-generation 2023 Kona EV SUV was priced at $33,550.
However, the Kona, in what Hyundai calls an unconventional move, was designed as an EV first, as part of the company’s accelerated electrification strategy that will bring 11 new Hyundai EVs to market by 2030.
Genesis starts selling GV70
On February 21, Hyundai subsidiary Genesis Motor America rolled its first EV off a US assembly line when it began building its 2023 GV70 all-electric SUV at its Montgomery, Alabama plant. A month later, on March 21, Genesis began selling its electrified GV70 at retailers in 15 states, including Arizona, California, Colorado, Connecticut, Louisiana, Maryland, Massachusetts, Nevada, New Jersey, New York, Texas, Utah, Virginia. , Washington and Wisconsin.
The Electrified GV70 features an all-wheel drive system with individual motors for the front and rear wheels, generating a maximum power of 320kW/429HP. Owners will also receive three years of free 30-minute fast charging available through Electrify America. Range for a fully charged GV70 is 236 miles of all-electric range.
2023 models include Connected Care, with no expiration, which provides an always-on connection that helps with peace-of-mind safety features like automatic collision notification, enhanced roadside assistance, and SOS emergency assistance when the vehicle has access to a cellular network . Connection. In addition, a monthly vehicle health report, maintenance and diagnostic alerts are now included as standard.
The Electrified GV70 Advanced AWD has a manufacturer’s suggested retail price of $65,850, while the GV70 Prestige AWD package is $72,650.
